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Sequal Company Has the Following Production Data for June: Units

Question 156

Essay

Sequal Company has the following production data for June: units transferred out 50,000, and ending work in process 6,000 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $11.
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.

Correct Answer:

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